SAB board OKs 10% cash dividend for H1 2024
Saudi Awwal Bank (SAB) board of directors approved on Aug. 9 distributing a cash dividend of SAR 1 a share (after Zakat), or 10% of capital, for H1 2024, the bank said in a statement to Tadawul.
Dividend Details (H1 2024)
|
Current capital |
SAR 20.54 bln |
|
Number of shares |
2.05 bln |
|
Total Dividend |
SAR 2.05 bln |
|
Percentage of capital |
10% (SAR 1.00 per share) after Zakat |
|
Record date |
Aug. 15, 2024 |
|
Payment date |
Aug. 28, 2024 |
The bank obtained a no-objection from the Saudi Central Bank (SAMA) to distribute cash dividends to shareholders for the first half of 2024.
Dividend History (SAR/share) Corporate Actions
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 11/08/2024 | 15/08/2024 | 28/08/2024 | 2,055.00 | 1.00 | |
| 11/02/2024 | 25/04/2024 | 13/05/2024 | 2,014.00 | 0.98 | |
| 30/07/2023 | 13/08/2023 | 28/08/2023 | 1,808.00 | 0.88 | |
| 14/02/2023 | 03/05/2023 | 18/05/2023 | 1,521.00 | 0.74 | |
| 04/07/2022 | 13/07/2022 | 27/07/2022 | 1,130.00 | 0.55 | |
| 21/02/2022 | 17/04/2022 | 25/04/2022 | 740.00 | 0.36 | |
| 01/08/2021 | 05/08/2021 | 19/08/2021 | 1,027.00 | 0.50 | |
| 01/01/2020 | 22/04/2020 | 05/05/2020 | 1,234.00 | 0.60 | |
| 05/08/2019 | 19/08/2019 | 02/09/2019 | 1,185.00 | 0.58 | |
| 27/12/2018 | 01/04/2019 | 10/04/2019 | 1,500.00 | 1.00 |
Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any
Dividend History
| Consolidated cash dividend | Cash dividend per share (SAR) | * The stock price at the beginning of the period (SAR) | Return on the base price |
|---|---|---|---|
| Last 3 Financial years | 5.15 | 33.60 | 15.33 % |
| Last 5 Financial years | 6.01 | 34.25 | 17.55 % |
| Last 10 Financial years | 12.02 | 39.33 | 30.56 % |
Based on the beginning of the period (January 1 of the base year)
Comments {{getCommentCount()}}
Be the first to comment
{{Comments.indexOf(comment)+1}}
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.
Most Read
- Cenomi Centers wraps up SAR 2.05B sukuk issuance
- Maaden inks binding term sheet to build rare earth refinery in Saudi Arabia
- Aramco CEO: $30B in energy MoUs to be sealed with US today
- Debt, derivatives are key to planned product wave: Tadawul Group CEO
- Cherry Trading retail IPO 647% oversubscribed; 10 shares allocated
Valuation Data (Latest Share Price)
| P/E (TTM) | 7.53 |
| P/E Before Unusual Items (TTM) | 7.43 |
| P/BV | 0.98 |
| Dividend Yield | 5.94 % |
| Market Cap. (M) | 64,274.14 |
| Return on Average Assets | 2.03 % |
| Return on Average Equity | 13.44 % |
Call Request
Comments Analysis: